The Biggest Credit Bubble in History
The Biggest Credit Bubble in History
WTFinance: 12-27-2025
The global financial landscape is on the cusp of a significant transformation, and according to Alasdair Macleod, a renowned expert in the field, the next few years will be marked by unprecedented turmoil.
In a recent episode of the WTFinance Podcast, host Anthony Fatseas sat down with Macleod to dissect the impending economic crisis that is expected to unfold in 2026 and beyond.
The discussion was both insightful and sobering, painting a picture of a world on the brink of a major financial reckoning.
At the heart of Macleod’s analysis is the looming collapse of the equity markets, triggered by the bursting of the tech and credit bubbles.
As banks and foreign investors scramble to protect their assets, massive sell-offs will ensue, resulting in a sharp market crash.
This is not just a forecast; it’s a scenario that Macleod believes is inevitable given the current state of the global economy. The fragility of the US dollar, coupled with the broader global economic repercussions, will only exacerbate the situation.
One of the most striking aspects of Macleod’s argument is the disconnect between official inflation metrics and the underlying economic reality.
Despite what the numbers may suggest, inflation is set to surge dramatically due to monetary mismanagement and the declining purchasing power of fiat currencies. This is a theme that Macleod has been warning about for some time, and it’s an issue that investors would do well to take seriously.
The banking system, too, is facing significant challenges.
Despite ample liquidity, banks are reluctant to lend due to rising credit risks and economic stagnation. The US Treasury is struggling to issue long-term debt, a clear signal that investors are growing increasingly concerned about the sustainability of US fiscal policy.
Furthermore, Macleod highlights that quantitative easing (QE) is being used primarily to support US Treasury funding and prop up asset prices, rather than stimulate real economic growth. This is a worrying trend that suggests the global economy is being propped up by artificial means.
Geopolitically, the landscape is also shifting. China is strategically distancing itself from the weakening US dollar by accumulating gold reserves and promoting the yuan for international trade among BRICS and Shanghai Cooperation Organization members.
Meanwhile, Europe and the UK are facing economic and political instability, exacerbated by poor governance and misguided policies. Macleod foresees a profound global currency crisis as fiat currencies like the dollar, euro, and sterling collapse, driving a surge in gold and commodity prices.
So, what does this mean for investors? Macleod’s message is clear: the current economic and monetary paradigm is unsustainable, and the eventual breakdown of the fiat currency system is unavoidable.
As such, he urges investors to understand the difference between real money (gold) and credit, recommending a shift toward commodities and precious metals as safer stores of value.
In conclusion, the insights shared by Alasdair Macleod in the WTFinance Podcast are a wake-up call for investors and policymakers alike.
The global economy is on the cusp of a significant transformation, and it’s essential that we prepare for the challenges ahead.
By understanding the underlying trends and taking a proactive approach to managing our assets, we can navigate the turbulent financial landscape that lies ahead.
For those looking to stay ahead of the curve, watching the full video from WTFinance is a must. Macleod’s analysis is both nuanced and thought-provoking, offering a unique perspective on the global economic landscape. As we move into 2026 and beyond, his warnings should not be taken lightly.